FIN 0.00% $1.13 finzsoft solutions limited

Ann: SSH: FIN: SSH Notice - Silverlake HGH Limited

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    					FIN
    02/03/2015 09:21
    SSH
    NOT PRICE SENSITIVE
    REL: 0921 HRS Finzsoft Solutions Limited
    
    SSH: FIN: SSH Notice - Silverlake HGH Limited
    
    Disclosure of movement of 1% or more in substantial holding
    or change in nature of relevant interest, or both
    Sections 277 and 278, Financial Markets Conduct Act 2013
    
    To  NZX Limited
    and
    To  Finzsoft Solutions Limited ("Finzsoft")
    
    Relevant event being disclosed:  Change in nature of relevant interest
    Date of relevant event:  1 March 2015
    Date this disclosure made:  2 March 2015
    Date last disclosure made:  18 December 2014
    
    Substantial product holder(s) giving disclosure
    Full name(s):  Silverlake HGH Limited ("Bidco")
    
    Summary of substantial holding
    Class of quoted voting products:  Ordinary shares in Finzsoft (NZX:FIN)
    Summary for:  Silverlake HGH
    For this disclosure,--
    (a) total number held in class: 5,646,438
    (b) total in class:  8,566,163
    (c) total percentage held in class:  65.916%
    For last disclosure,--
    (a) total number held in class:  5,646,438
    (b) total in class:  8,566,163
    (c) total percentage held in class:  65.916%
    Details of transactions and events giving rise to relevant event
    On 18 December 2014, Bidco and Holliday Group Holdings (ICT Investments)
    Limited ("HGH") entered into a lock-up agreement under which Bidco agreed to
    make a full takeover offer for Finzsoft and HGH agreed to accept that offer
    for all of its ordinary shares in Finzsoft (being 8,566,163 ordinary shares)
    (the "Lock Up Agreement").
    In accordance with the Lock Up Agreement:
    - on 27 February 2015, Bidco made a full takeover offer for all of the shares
    and other equity securities in Finzsoft (the "Offer"); and
    - on 1 March 2015, HGH accepted the Offer for all of its ordinary shares in
    Finzsoft.
    The Offer was declared unconditional in all respects on 2 March 2015.
    A copy of the Offer document was sent to NZX on 27 February 2015. A copy of
    the Lock Up Agreement has been disclosed with Bidco's previous substantial
    product holder notice dated 18 December 2014.
    Details after relevant event
    Details for:  Silverlake HGH
    Nature of relevant interest(s):  Power to control the acquisition of quoted
    voting products: on settlement of the purchase of HGH's ordinary shares in
    Finzsoft by Bidco under the Offer, Bidco will become the registered holder
    and beneficial owner of 5,646,438 ordinary shares in Finzsoft held by HGH
    For that relevant interest,--
    (a) number held in class:  5,646,438
    (b) percentage held in class:  65.916%
    (c) current registered holder(s):  Holliday Group Holdings (ICT Investments)
    Limited
    (d) registered holder(s) once
    transfers are registered:  Silverlake HGH Limited
    
    Additional information
    Address of substantial product holder: 26-01/04, 143 Cecil Street, GB
    Building, Singapore 069542
    Contact details:  Kwong Yong Sin
    +603 7721 6118
    [email protected]
    Name of any other person believed to have given, or believed to be required
    to give, a disclosure under the Financial Markets Conduct Act 2013 in
    relation to the financial products to which this disclosure relates:
    Holliday Group Holdings (ICT Investments) Limited
    
    Certification
    I, Kwong Yong Sin, certify that, to the best of my knowledge and belief, the
    information contained in this disclosure is correct and that I am duly
    authorised to make this disclosure by all persons for whom it is made.
    End CA:00261323 For:FIN    Type:SSH        Time:2015-03-02 09:21:10
    				
 
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